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Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 44,450 $ 42,097
Accounts receivable, net 8,101 11,722
Inventory 10,734 9,110
Prepaid expenses and other current assets 1,877 1,272
Total current assets 65,162 64,201
Property and equipment, net 14,140 3,220
Intangible assets, net 1,714 3,416
Right-of-use assets 3,251 4,549
Other assets 342 2,403
Total assets 84,609 77,789
Current liabilities:    
Accounts payable 5,180 2,278
Accrued liabilities 3,651 2,449
Deferred revenue 0 78
Lease liabilities, current portion 1,381 1,306
Contract obligations 1,472 2,034
Software liabilities, current portion 1,769 1,769
Total current liabilities 13,453 9,914
Lease liabilities, net of current portion 1,956 3,336
Software liabilities, net of current portion 15 1,784
Long-term income tax liability 268 162
Total liabilities 15,692 15,196
Commitments and contingencies (Note 5)
Stockholders’ equity:    
Preferred stock, $0.0001 par value per share; 5,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024, respectively 0 0
Common stock, $0.0001 par value per share; 100,000,000 shares authorized; 22,977,797 and 22,059,697 shares issued and outstanding as of December 31, 2025 and 2024, respectively 2 2
Additional paid-in capital 206,370 199,460
Accumulated deficit (137,455) (136,869)
Total stockholders’ equity 68,917 62,593
Total liabilities and stockholders’ equity $ 84,609 $ 77,789